XML 36 R27.htm IDEA: XBRL DOCUMENT v3.19.1
BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2019
Reconciliation of Business Segment Information
A reconciliation of our business segment information to the respective information in the Consolidated Statement of Operations is as follows:
 
QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS
MARCH 2019
 
MARCH 2018
Sales to unaffiliated customers:
 
 
 
Timberlands(1)
$
431

 
$
490

Real Estate & ENR
118

 
51

Wood Products(1)
1,094

 
1,324

 
1,643

 
1,865

Intersegment sales:
 
 
 
Timberlands(1)
125

 
142

 
 
 
 
Total sales
1,768

 
2,007

Intersegment eliminations(1)
(125
)
 
(142
)
Total
$
1,643

 
$
1,865

Net contribution to earnings:
 
 
 
Timberlands
$
120

 
$
189

Real Estate & ENR
55

 
25

Wood Products
69

 
270

 
244

 
484

Unallocated items(2)
(530
)
 
(92
)
Net contribution to earnings (loss)
(286
)
 
392

Interest expense, net of capitalized interest
(107
)
 
(93
)
Earnings (loss) before income taxes
(393
)
 
299

Income taxes
104

 
(30
)
Net earnings (loss)
$
(289
)
 
$
269


(1)
In January 2019, we changed the way we report our Canadian Forestlands operations, which are primarily operated to supply Weyerhaeuser’s Canadian Wood Products manufacturing facilities. As a result, we no longer report related intersegment sales in the Timberlands segment and we will now record the minimal associated third-party log sales in the Wood Products segment. These collective transactions did not contribute any earnings to the Timberlands segment. We have conformed prior period presentation with the current period.
(2)
Unallocated items are gains or charges not related to, or allocated to, an individual operating segment. They include all or a portion of items such as share-based compensation, pension and postretirement costs, elimination of intersegment profit in inventory and LIFO, foreign exchange transaction gains and losses, interest income and other as well as legacy obligations.